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20130102
20130102
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Search Results 0 to 21 of about 22 (some duplicates have been removed)
. equities worldwide joined in the rally. european shares hit a 20-month high. check out the euro stoxx 50. the dow jones is lapping up the attention. the euro is trading down at the moment. >> now to other news, portuguese -- the president of portugal has asked the country's constitutional court to review the government's disputed budget for this year. he said he was concerned about whether it fairly distributes the burdens of portugal's economic reforms. it includes tax increases and welfare cuts. he signed the budget, despite opposition. he said that was to avoid harming the country's economy. >> the economic exports and the chancellor have warned about of times ahead. when you look at the nation's unemployment, the picture looks pretty good. >> 2012 ended with more people working than ever before, and that after six years of consecutive games. >> the number of people in worked in germany is higher than ever, despite soaring unemployment in many other european countries. new figures show a stable german job market. the number of employed has been rising steadily. in 2012, 41.5 million p
the euro touching a two week high in intraday trading and the u.s. dollar index posting slight gains after lawmakers approved a last minute fiscal cliff deal but the political showdown is far weeks away one of the best ways to make money in the currency market this year. liz: last week we had somebody who said buy the south african rand. we have a senior for ren currency strategist and they have got some ideas. before we get to your favorite picks let me tackle the dollar. every time we do quantitative easing, that tends to be dollar negative, very low rates. we don't have a strong dollar at the moment in trade, but what do you think about the u.s. to rar right now? nick, you first. a bit of a mixed picture. easing will be nech for the u.s. commodities and euro. so maybe the dollar will hold up against those currencies. david: chris, what about you, what do you think about the dollar. >> i have to be in agreement with our fellow guest there. when we look at the dollar specifically. we're here race to the base globally. specifically with the bank of japan and potentially later in the year w
news, we'll get to that. reaction to the economics in the euro, as you were. >> a reminder, europe can be somewhat close to zero this year, output same as last year, maybe down if we get a decent follow in from the states, maybe clawing back to zero. with the gap between the two, the divergence is the greatest that i've seen since the start of the euro in the '90s. so this is not improving. >> economic divergence is great. market performance is something entirely different. >> yeah. money has to go somewhere. investors, investors around the world are looking for yield. the u.s. investors are looking for yield most of all. they sell the dollar, they buy stuff with yield. this morning, if -- if italian government debt has more yield than other things, then apparently that's just the job. so the euro is likely to go up to 1.34 against the dollar in this move. dollar/yen higher, equities higher. a risk on morning without anybody overthinking it. >> exactly. with the yields being slightly lower than they were this morning as part of that move. the house of representatives passing a bill lat
the fact that the euro crisis has calmed to the point that investment is possible again in troubled countries. >> in a global economy the face of companies like schuler is tied to markets throughout the world. for now the mechanical engineers say that they can count on strong demands, especially from china. >> if i don't think we have reason to be pessimistic. businesses always connected to psychology. i think that lots of german companies are in a very good position and the demand for many products, in the machine and equipment area, is extremely high and it will remain so. >> german engineering firms head into the new year with confidence a sign the job market will remain stable in the months ahead. >> if you are looking ahead with optimism to the new year you are not alone. pope benedict predicts peace will prevail in 2013. >> the pontiff made his upbeat forecast to mark the catholic church's world day of peace. he was convinced of humanity's capacity to live without conflict despite the inequality and terrorism afflicting many parts of the world. >> yeah. there is one such confl
is basically a crisis connected to the governments of the euro system that has hit some countries for some reasons. somewhat we were hit because of the sins of our past. we have been having -- we have had a relatively a sizable but stable debt for a long time, but the point is it's very manageable. we are reducing it pretty fast, very fast indeed, and also to reassure the investors if you put together the net household wealth of italians as compared to the debt of the government and the companies the ratio is three to one, so it's a matter of redistribution somehow. italians thanks to god are a wealtdy people and the matter is how we can put things into order in our household but definitely italy is a major stable solid economy, and once -- already there are signs of strong improvement. once this crisis is over we will definitely flex the muscles. please. >> [inaudible] are you planning show case any important architects and designers in this year of italian culture? >> definitely. i mean in san francisco there's a wonderful san francisco design week, so we will have an italian design
, problems are being addressed. mario groggy vowed to underwrite the euro, whatever it takes -- mario draghi. the esm is up and running with the far wall and there is a move toward banking union. yet across europe, forecasters see little sign of an economic fall. nine of the 17 states will fill the chilling effects of recession. even here in germany, prospects for growth look pretty frigid. elsewhere, it will be much worse. unemployment is growing with all the anger and desperation it brings. in italy, they are taking a plunge, too. a wobbly economy further threatened by elections in february and the prospect of an unlikely political comeback. here in the u.k. there are still fondly remembering the specter of the queen's jubilee and they successfully stage olympics. but good economic news is hard to find. >> there is really nothing much on the horizon that makes you feel optimistic. it will be a sort of groundhog year for the u.k. economy, much the same as 2012. >> many saw 2012 as being the year european currency unraveled. in 2013, they will struggle with political and social cuts of auste
. the currency markets, open for trading for a lot longer today than stocks. the euro is still below 133, the recent high. it's interesting to see that the risk-on currencies are a bit to the upside. >> watch gold, too. i think gold, 12th year of good performance. >> yes. >> i would emphasize gold should be part of people's portfolios. >> while i don't disagree with you, because i've been wrong on gold two years in a row, silver better performer last year than gold. >> numbers are numbers. i find that the gld is just a very, you know, good way, i hope it goes down, the rest of your portfolio goes up. but remember, in the last 12 years we've had deflation, inflation, good control, bad control, but gold is steady because gold is in short supply in the world. >> i thought we were being positive. i'm optimistic for the next year or so. ten years out, different story. oil prices, right? while they've gone up in the last couple weeks, gas prices are down. >> gasoline. >> gasoline. and nat gas remains fairly low. >> nat gas at four-month lows right now. >> let's not underestimate the extra mone
the euro to borrow a tremendous amount of money using the german balance sheet and we're doing the same thing, abusing our world's reserve currency status, and when that ends, it's going to be very painful. >> the music hasn't stopped. the cash is still flowing so markets will go higher. >> you're right. >> all right. we've got to go at this point. i'm not sure we solved anything, but it was fun somehow. >> we did better than congress. >> that's true. >> at least we didn't curse. >> no f-bombs here at least. see you later. stocks kick off the year on a high note thanks in last part to last night's 11th-hour tax deal in congress. checking with bertha coombs for today's leaders and laggards. >> bill, a day for notable milestones. the dow starting the year up over 2% for only the tenth time in 100 years, the nasdaq's best one-day gain in over 15 months, the s&p starting the year with a sizable gain for the fifth straight year. that's never happened and the russell 2000 hitting a new all-time high. zipcar was the russell's biggest percentage gainer on a $500 million cash deal to be acquired
politics but on what is right for the country. the one thing that hopefully the new euro focus on is putting a package like this to gather. with less scare tactics. we are able to come together as democrats, republicans to cut spending and raise revenue that reduces our deficit, protect for middle- class and provides avenues for people that are willing to work hard. for the investments that are necessary to grow, compete and we can settle this debate. or at the very least not have it be consuming all the time that it stops to our host of creating and meeting challenges for immigration, infrastructure, protecting our planet from harmful climate change, and protecting our children from horrors of gun violence. it is not just a possibility, it is our obligation for future generations. our work look forward to meet with each member of congress to meet this challenge in the new year. i hope that some people would get a couple of days off so that people can refresh themselves because we're going to a lot of work to do in 2013. thank you, everybody and happy new year. >> catherine: pr
: in washington a big deal. they have the big crowds and block off the street and wear the euro trash outfit and look at you with great distapism want to drive them off the road. >> dana: exercise to me has a benefit for your mind. only way the human body gets rid of stress is work it off. that's good why it is good to walk or go to core fusion. >> kimberly: indoor court and hot tubbing are stress relievers. >> eric: slightly overweight. >> bob: obese doesn't help you. >> eric: so if you are a little overweight you work out and keep yourself in shape. so you are healthier. i love working out. i run four times a week and do push-ups every morning of my life. >> dana: push-up are the best exercise you can do. >> greg: you do it over a mirror. >> kimberly: he is like this. "god you look good." [ laughter ] >> bob: kimberly and i know that sex burns 600-calories an hour. >> kimberly: why do you say we know this? freddie burns $1600 an hour. -- freudian slip. >> greg: that the beckel institute. >> kimberly: you dragged me in to that. >> bob: it's good for you. limbers you up, when you run think a
guard msci euro etf, symbol vgk. that's victor george ken for all of you home gamers. i like it so much i own it for my charitable trust. you can follow it. a lot of reasoning why stephanie link and i co-director believe in this. it pays you a solid 3.7% yield while you're waiting. next up, yeah, there's -- china. not done. chinese economy has been in the process of bottoming for a while now. i think the genuine turn could be at hand. we know the chinese central bank has been providing capital injections to banks. last year they cut the reserve requirement three times, interest rates twice. i expect pair policy to remain easy. capital injections turned the tide. hit record levels in september/october. something that's helped the chinese economy dramatically as we see from improving macrodata points. purchasing managers numbers, industrial production, retail sales, housing numbers, you name it china has beaten inflation, they have the flexibility to do more juice to the economy if they need to the chinese party just got a new leadership in november. these guys are anxious to make a good
the rich, 75% on income over a million euros. according to polls, most citizens agreed with them. entrepreneurs have gone wild, saying this would further kill any innovative spirit here, driving an already estimated of wealthy or wannabe wealthy people to switzerland, london. >> the problem in france is it's not a fiscal cliff, but sort of like fiscal quicksand, because bit by bit the french are losing confidence. >> reporter: it would affect a few thousand, but shot down because it targets individual instead of household income. the while other taxes also rise. around europe you also keep running into american tax exiles, people who have given up their citizenship to protect their fortunes from taxes. that number has been rising, but you know where in the world has the highest tax rates currently? the island of aruba at nearly 60% for the highest earning individuals, and sweden at around 57%. back to you. >>> the town of concord, new hampshire is the first in the nation to ban plastic bottles. the measure has just taken effect with the start of this new years. it bans bottles 16
vowed by taxing the rich, 75% on income over a million euros. most citizens agreed with him in polls. entrepreneurs have gone wild saying this would further kill any innovative spirit here, deriving already out to switzerland, london -- >> the problem in france it's not a fiscal cliff, but fiscal quicksand, because bit by bit the french are losing confidence. >> reporter: the 75% tax would affect -- but it targets individual instead of household income. the government says it will find a way to enact it, while other taxes also rise. around europe you also key running into american tax exiles. that number has been rising. but you know where in the world has the highest income tax rates currently? the island of aruba at nearly 60% for its highest-earning individuals. sweden at around 57%. back to you. >> that 75% tax bracket is not expected to solve many of france's budget problems. in fact there are 65 million people in that country, and fewer than 25,000 of them even qualify for the high rate. >>> getting cold out there, doug. it is the coldest day so far this year. [ laughter ] >> i
. scramp that. the dollar is stronger. it was weaker earlier. there you go, 31.62 is across to the euro. [ male announcer ] where do you turn for legal matters? at lelzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a
, right? proceed to have linkage to the troubled euro and its accoutremes and away from the italian bond market or overstressed french and spanish counterparts and got our heads handed to us. similarly, owning tech when tech is often considered heavily dependent on europe. as much as 20% or 25% of the earnings of tech are derived from the continent and typically it is deadly. we know this because they don't dodge it on the conference calls. that's how you learn about it. the analysts won't let them get away with it. all you got to do is listen to the q&a. if you're in a company with european exposure you will hear one out of every two or three questions about europe. asia, about china. you want preventive earnings season medicine, go through the previous calls of the companies. if the plurality of the questions are about europe, you know you're probably going to be in for a bruising next time. that's what the analysts focus on and force the companies to talk about. as correlated with europe as many tech and bank stocks are, it is china that controls so many of the cyclicals. the smoketac
in the equity trade so you want it watch this. the dollar index is up on the day. why? because the euro has fallen quite dramatically and the dollar add great day like every other currency. becky, back to you and happy new year. >> happy new year. >> if you are just coming out under your rock, a triple digit on the dow. yields on the ten-year also rising. still a lot of uncertainty ahead. how should you be positioning yourself or 2013? let's bring in our panel of expert traders. kenny is standing by at the nyse. richburg in chicago. and anthony at the nymes. kenny, why don't we start things off with you. you said you thought this would be a good year for stocks. is that because you think the economy is looking strong or you can't fight the fed at this point? >> you can't fight the fed as we have seen the last three or four years. but it is not so much that economy is so strong, it feels to be stabilized. it feels to build a nice foundation. whether our economy or economies around the world. that is giving me optimism for the year. i do though think that first couple months actually might be
. a euro zone crisis that seemingly has no end, and u.s. budget deficit crisis that seemingly has no end. so on this new year, ladies and gentlemen, in new york, just celebrate the fact that you are up 2% on the european markets. >> okay. richard quest. >> i'm celebrating the fact that nothing else this fiscal cliff, two of the best financial minds, richard quest and christine romans singing. >> dow futures up 200 points. >> you will be singing more later. >>> moving on to other news. secretary of state clinton and her health. that close call. doctors say the blood clot could have been fatal, caused a stroke or led to seizures or epilepsy. she's being treated with blood thinners, should make a full recovery. former president bill clinton and daughter chelsea scene visiting her yesterday. >>> students from sandy hook elementary school return to class tomorrow this is for the very first time since the horrendous massacre three weeks ago. but the children won't be back at sandy hook in that building itself. they will attend an empty elementary school a couple of miles away. newtown and how
by employers were looking for those euros. the crowd funding legislation which will help young entrepreneurs get access to net capital and create jobs something i hope the sec will immediately come up with a rule so these people can start creating jobs and raising money. legislation to reform wall street. when i was the deciding vote to strengthen our country's financial system legislation to eliminate and owners 3% withholding tax, a tax that would affect government contractors. legislation to ensure that our fallen heroes received the dignity and respect they raised deserve at the arlington national cemetery and that is something now that is also fixed and many many other congressional actions that have made a difference not only in massachusetts but in this great country. these were all shared successes but i was proud to be part of each and every one of them. i have always said that in order to do our business as our country's leaders, we must do our work in a bipartisan bicameral manner to ensure that the actions taken by the congress benefit all americans, not just those of one politic
a million euros. according to polls, most citizens agreed with this. entrepreneurs have gone wild, saying this would further kill any innovative spirit here and driving already an estimated thousands of wealthy or wanna-be wealthy people out to switzerland, london, including gerard -- the french film icon who starred in "green card" is now bidding adieu to france for belgium which doesn't have a movie theater but is full of tax exiled millionaires. the government has said it unpatriotic, but he equally slammed them, causing an uproar here. >> the problem is france is not a fiscal cliff. it's sort of like fiscal quicksa quicksand. bit by bit, the french are losing confidence. instead of doing what we do in the united states or what they do in britain which is to say you want to work hard, you want to make money, you will be rewarded. >> reporter: it would affect a few thousand people but was shot down because it targets individual instead of household income. the government said it will find a way to enact it in some form this year while other taxes also rise. today in france, the rich are
. >> does it matter? >> to me, it doesn't matter. >> it won't change what the 10 euro is doing anyway. >> no see. because the fed is involved. >> the has the why it's so hard as an investor, your typical benchmarks you use are no longer market determined. as a result, it's very ha hard -- everybody references those rates but those rates aren't market determined. i like to call fixed income is price fixed and no income. that's what you're dealing with as fixed income investor. >> thanks, doug. a little bit more from you. >> when we come back, in fact, lawmakers striking the deal to avoid the fiscal cliff. setting up another fight in two months or less over the debt ceiling and sequestration measures that got pushed over the road. we have republican john barrasso with more and budget battle still to come. c'mon dad! i'm here to unleash my inner cowboy... instead i got heartburn. [ horse neighs ] hold up partner. prilosec isn't for fast relief. try alka-seltzer. kills heartburn fast. yeehaw! but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot,
Search Results 0 to 21 of about 22 (some duplicates have been removed)